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has been very high. but it does appear to have peaked and as you can see on this chart, there are signs on the monthly figures that it is starting to ease. evidence collected by the bank s regional agents suggest that a moderation in food import prices being passed through the supply chain to consumer prices. so we do expect food price inflation to come down gradually over the rest of this year. the contribution from food price inflation falls accordingly in our near term projection. from about two percentage points to one .25 percentage points to one .25 percentage points to one .25 percentage points towards the end of the year. call goods price inflation, it is taking time for the four energy prices to work through the price chain and the price of imported goods are continuing to rise, despite the fall in export prices. that s why in our central projection we expect call goods price inflation to come down
Germany import prices declined at the fastest pace in nearly 14 years in June largely due to the sharp reduction in energy import cost, data published by Destatis showed on Monday.